NETGEAR® Honored in BusinessWeek’s “Hot Growth 100” List of Fast-Growing Companies for Second Consecutive Year
May 26, 2006
Leading Networking Company Recognized for Sales Growth, Stock Performance, New Products
SANTA CLARA, Calif. – NETGEAR®, Inc. (Nasdaq: NTGR), a worldwide provider of technologically advanced, branded networking products, today announced that it has been honored by BusinessWeek in its annual “Hot Growth 100” list of the nation’s fastest-growing companies for the second consecutive year. NETGEAR once again ranks among the country’s most “sizzling” and “agile” companies for its enviable growth in sales, earnings, and return on capital. The list, with company profiles, is featured online and in the current June 5 issue at http://www.businessweek.com.
BusinessWeek wrote, “NETGEAR has carved out valuable territory in the war for the digital living room. It’s long been a leading provider of wireless routers for consumers and small businesses…And the company is rapidly expanding its sights to new kinds of products….”
Stated Patrick Lo, CEO and co-founder of NETGEAR, “To receive this honor as the company celebrates its tenth anniversary, reflects of our team’s resolute vision and hard work — to develop and deliver the best products to our global customers in accord with their technology needs.”
BusinessWeek also quoted JMP Securities analyst Sam Wilson: “They’re en fuego. Consumer broadband is hot, and NETGEAR is the best pure play in consumer broadband there is.”
NETGEAR’s BusinessWeek honor arrives in conjunction with the company’s receipt from Best Buy™ of the prestigious 2006 BRAVO! Award for business excellence. Earlier this week, Mr. Lo was also named an Ernst & Young Entrepreneur of the Year® 2006 Award finalist for the Northern California region.
About NETGEAR®, Inc.
NETGEAR® (Nasdaq: NTGR) designs technologically advanced, branded networking products that address the specific needs of small and medium business and home users. The Company’s product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. NETGEAR is headquartered in Santa Clara, Calif. For more information, visit the company’s Web site at www.netgear.com or call (408) 907-8000.
© 2006 NETGEAR, Inc. NETGEAR and the NETGEAR Logo are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning expected performance characteristics, specifications, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR’s products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease of use of NETGEAR’s products may not meet the price, performance and ease of use requirements of end-users; the performance of NETGEAR’s products may be adversely affected by real world network, environmental and operating conditions; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company’s periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Part II - Item 1A. Risk Factors,” pages 23 through 32, in the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 2, 2006, filed with the Securities and Exchange Commission on May 12, 2006. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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- NETGEAR Inc.
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